Innovate VATE Infrastructure — Contract assets, reclassified to receivables

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Questions, answered.

What is Innovate's infrastructure — contract assets, reclassified to receivables?

Innovate (VATE) reported infrastructure — contract assets, reclassified to receivables of $28.6M in Q1 2026.

How has Innovate's infrastructure — contract assets, reclassified to receivables changed year-over-year?

Innovate's infrastructure — contract assets, reclassified to receivables decreased by 37.3% year-over-year, from $45.6M to $28.6M.

What is the long-term trend for Innovate's infrastructure — contract assets, reclassified to receivables?

Over 2 years (2022 to 2025), Innovate's infrastructure — contract assets, reclassified to receivables has grown at a -25.5% compound annual growth rate (CAGR), from $158.8M to $88.1M.

What does infrastructure — contract assets, reclassified to receivables mean?

Measures the portion of contract assets that have been converted into unconditional rights to payment, typically through the issuance of an invoice to the customer. This reflects the successful transition of project milestones from work-in-progress to billable accounts receivable. It is a key indicator of cash flow conversion efficiency within the infrastructure segment.